Bank of Baroda Increases Interest Rates in FCNR
Bank of Baroda has increased its interest rates on Foreign Currency Non Resident Deposits – FCNR (B) across various currencies and maturity periods by up to 135 basis points, with effect from October 16th, 2022. The rates are effective up to 15th November, 2022.
Bank of Baroda’s Revised Interest Rates on Foreign Currency Non Resident Deposits – FCNR (B)
|
Maturity Period |
USD |
GBP |
EUR |
AUD |
||
|
|
Up to USD 2 Lakh |
USD 2 Lakh to 10 Lakh |
Above USD 10 Lakh |
|
|
|
|
1 Year to less than 2 Years |
3.65 (3.25) |
3.85 (3.25) |
4.00 (3.25) |
2.65 (2.10) |
0.50 (0.01) |
2.05 (0.70) |
|
2 Years to less than 3 Years |
3.00 (2.80) |
3.00 (2.80) |
3.00 (2.80) |
2.65 (2.15) |
0.50 (0.01) |
2.00 (1.20) |
|
3 Years to less than 4 Years |
2.70 (2.70) |
2.70 (2.70) |
2.70 (2.70) |
2.25 (2.25) |
0.10 (0.01) |
2.00 (1.55) |
|
4 Years to less than 5 Years |
2.40 (2.40) |
2.40 (2.40) |
2.40 (2.40) |
2.25 (2.25) |
0.10 (0.10) |
2.00 (1.80) |
|
5 Years |
2.50 (2.50) |
2.50 (2.50) |
2.50 (2.50) |
2.25 (2.25) |
0.15 (0.15) |
2.00 (1.95) |
Figures in brackets indicate the Rate of Interest before revision.
The above revised rates are applicable on fresh and existing FCNR (B) deposits which are renewed on maturity.
